Red Violet (NASDAQ:RDVT) Reaches New 1-Year High – Here’s What Happened

Red Violet, Inc. (NASDAQ:RDVT)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $40.70 and last traded at $40.32, with a volume of 134191 shares trading hands. The stock had previously closed at $39.41.

Red Violet Stock Performance

The stock has a 50 day moving average of $36.77 and a two-hundred day moving average of $32.00. The stock has a market cap of $556.01 million, a PE ratio of 112.00 and a beta of 1.49.

Red Violet Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, January 31st.

Insider Activity

In other news, President James Patrick Reilly sold 10,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the completion of the sale, the president now owns 272,124 shares of the company’s stock, valued at $10,136,619. This trade represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Peter Benz sold 22,300 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total value of $834,689.00. Following the transaction, the director now directly owns 80,766 shares in the company, valued at $3,023,071.38. The trade was a 21.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Red Violet

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Red Violet by 1.2% in the third quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock worth $7,297,000 after purchasing an additional 3,009 shares in the last quarter. State Street Corp increased its stake in Red Violet by 5.7% in the 3rd quarter. State Street Corp now owns 188,993 shares of the company’s stock valued at $5,377,000 after buying an additional 10,199 shares during the period. Globeflex Capital L P lifted its position in Red Violet by 12.1% in the 4th quarter. Globeflex Capital L P now owns 98,231 shares of the company’s stock worth $3,556,000 after buying an additional 10,587 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Red Violet by 23.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 69,464 shares of the company’s stock worth $2,515,000 after buying an additional 13,414 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Red Violet by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company’s stock valued at $1,235,000 after buying an additional 1,068 shares during the period. Hedge funds and other institutional investors own 63.56% of the company’s stock.

About Red Violet

Red Violet, Inc, a software and services company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States. It offers idiCORE, an investigative solution used to address various organizational challenges, which include due diligence, risk mitigation, identity authentication, fraud detection and prevention, customer acquisition, and regulatory compliance; and FOREWARN, an app-based solution that provides instant knowledge before face-to-face engagement with a consumer, as well as helps professionals to identify and mitigate risk.